"Mr. Zhang, it's already 1 billion US dollars, do you still want to take it?"
Ding Siyao has now returned to Singapore and has begun to let the hedge funds under Yanhuang Investment compete with short sellers.
If short sellers are not optimistic about a certain stock, for example, they go to a brokerage or investment bank to borrow the stock and sell it from the current high of $10.
When the stock price drops to $1, the same number of shares will be bought back and returned to the institution that lent the shares.
The difference in price of US$9 is the profit, and of course a portion of the interest will be deducted.
To go long means to believe that the stock can rise to US$20 or US$30 in the future, so we keep accepting sell orders from short sellers.
Ding Siyao reminded, "Is it too much? The short sellers are quite powerful. We have taken so many selling orders, and they are still adding positions."
"Let them add it."
Zhang Yida lit a cigar and finally understood why the life of The Wolf of Wall Street was so exciting.
In the money game, it is indeed very satisfying to see your opponent fall into the trap little by little, then struggle, and finally explode with a "bang".
It’s not just about gaining money, but also a sense of superiority that crushes your IQ.
“One more billion dollars!”
Since we want to be happy, Zhang Yida thought, then he should be twice as happy, as this would be more exciting.
Ding Siyao basically understood Zhang Yida's thinking, which was to force short sellers and keep pushing the stock price up until the short sellers could no longer stop their losses and surrender.
…
Hong Kong virtual bank licenses have been officially issued, with eight licenses awarded to consortiums led by Ruixiang, Standard Chartered, ZhongAn, Bank of China Hong Kong, Ali, Penguin, Anping Insurance and Dami.
What makes Zhang Yida not so happy is that Zhongan Insurance, as an Internet insurance company invested by Sanma, is equivalent to Ali, Penguin, and Anping Insurance each obtaining one-third of the licenses.
The result has been issued. No matter how unwilling Zhang Yida is, he can only accept the result calmly.
Zhang Yida flew to Hong Kong to discuss preparations for the opening of the bank with Li Xiaojia, President of the Hong Kong Stock Exchange.
I also talked about the IPO.
Cars are driving in Central, Hong Kong, and the high-rise buildings on both sides of the road are hung with the logos of various banks.
“Hong Kong, with a population of 7.5 million, has more than 150 licensed banks and more than 40 offices of foreign banks, with total deposits reaching HK$13 trillion and per capita deposits of HK$1.73 million.
Hong Kong's retail banking industry has a total annual revenue of US$22.5 billion, but it has long been dominated by a few leading banks.
Among them, HSBC, Hang Seng, Standard Chartered and Bank of China monopolize 66% of local retail loans.
The emergence of virtual banks is to use the power of innovation to break the existing pattern."
In the car, Shen Beipeng chatted with Zhang Yida about the banking power structure in Hong Kong.
Shen Beipeng has been living in Hong Kong all year round since he returned to China in 1994 to work as an employee of Lehman Brothers Asia.
Having lived and worked in Hong Kong for more than 20 years, he is very familiar with various environments in Hong Kong, including banks.
Accompanying Zhang Yida to the Hong Kong Stock Exchange this time was not just a matter of preparation for the virtual bank.
There is another more important matter, discussing the listing of Ruixiang Group!
"Ruixiang is going to be listed next. I think you should increase your visibility in Hong Kong!" Shen Beipeng suggested.
"Am I not famous enough?"
Zhang Yida wanted to laugh a little and couldn't help but ask.
Shen Beipeng had no time to joke with Zhang Yida, but said seriously: "Ruixiang's listing will probably surpass Ali's US$25 billion IPO record on the New York Stock Exchange and become the world's largest IPO in history.
If it were not for the impact of the trade war, Ruixiang’s best choice would be to list on the New York Stock Exchange!
It would be difficult for other exchanges to afford such a large IPO."
Zhang Yida smiled and said, "Actually, it's not bad. There are more than 2,300 companies on the Hong Kong Stock Exchange, with a total market value of HK$30 trillion.
If you throw it in sharply, the water will not even turn over."
Shen Beipeng smiled and shook his head, "Conservatively estimated, the market value of Rui is 2 trillion Hong Kong dollars, which accounts for more than 6% of the total market value of the Hong Kong Stock Exchange.
This is not called a splash, this is called a huge wave."
Even though he was as calm as he was, he couldn't help but smile knowingly at this moment.
2 trillion Hong Kong dollars!
That’s 256 billion U.S. dollars in U.S. dollars!
About 10% of the new shares were issued in the IPO, raising US$25 billion to US$28 billion. After listing, Ruixiang's market value took off directly from US$300 billion!
It took Ahri and Penguin more than ten years to get to this point, but Ruixiang only took six years.
How could you not be excited!
Ahri, the Penguin is not the first rounder of the Blackshirts, but Ruixiang is.
…
Li Xiaojia and his subordinates stood at the entrance of the Hong Kong Stock Exchange building to greet Zhang Yida and his party.
Of course he knew what Zhang Yida and the others were here for, so he gave them the highest welcome etiquette.
The launch of Ruixiang is even more shocking than the highly praised rice and magnesium combinations before!
Li Xiaojia shook hands with Zhang Yida and Shen Beipeng who were coming out of the Rolls-Royce, and made a "please" gesture with a smile on his face, "Mr. Zhang, Mr. Shen, please come in!"
After everyone came to the reception room of the Hong Kong Stock Exchange and sat down, they first talked about the preparations for "Ruixiang Bank".
"Hong Kong's large banks have had a huge customer base for many years, mainly focusing on some high-end customers and high-profit businesses.
Therefore, the service coverage for ordinary retail customers and small and medium-sized enterprises is insufficient, and the motivation for innovation is insufficient.
Existing banking services have major pain points such as long waiting times, poor online banking experience, insufficient customer education on financial products, and the inability to integrate different account information.
Ruixiang has experience in opening Xinwang Bank in mainland China and is one of the world's top financial technology companies.
I believe that with your help, Ruixiang Bank will be able to provide better and more convenient financial services to Hong Kong citizens.
As a financial investment shareholder, the Hong Kong Stock Exchange will do its best to provide local operations and provide some support based on local experience."
Li Xiaojia's words can be said to have set an extremely low profile, and he barely showed his sharpness.
Zhang Yida nodded and smiled, naturally knowing what the other party wanted.
I'm afraid it won't be so easy to talk to Ruixiang after it goes public.
Li Xiaojia tilted his head, ordered a subordinate to stand up, and explained to everyone some of the requirements of the Hong Kong Monetary Authority for virtual banks before they open.
"Before opening, you need to go through stages such as sandbox and trial operation...
At the same time, the Hong Kong Monetary Authority will mainly examine IT system risk management, anti-fraud, anti-money laundering and customer protection and other related measures.
After these links are completed, we can officially start operations for 7.5 million citizens."
Li Xiaojia looked at Zhang Yida and said, "I believe these processes should not be a problem for Ruixiang, right?"
Zhang Yida smiled and said, "Fortunately, Ruixiang will dispatch a team to Hong Kong and recruit some local Hong Kong employees."
Li Xiaojia nodded, and then asked with a smile: "There are a total of 8 virtual banks, each of which has a strong background and has its own resources.
My opinion is that if we are the first to open, wouldn’t this give us some advantages?”
Zhang Yida replied with a smile, "I also want to be the first one to open, but didn't I just say that? It needs to be inspected by the Hong Kong Monetary Authority."
Li Xiaojia pursed his lips and smiled, "How about this? Ruixiang will be responsible for deploying the system and building the bank, and we will be responsible for communicating with the Monetary Authority."
Zhang Yida laughed and said, "That's the best thing."
Shen Beipeng smiled as he watched the two people trading PY here. He was already used to it.
When you start a business together, you naturally have to contribute your share.
After chatting about the virtual bank in a few words, Li Xiaojia couldn't help but ask about Ruixiang.